Dollars and Sense

Each homeschool co-op is unique and should have a specific purpose. Without a focused mission the leaders can be trying to all things to all people and will quickly burnout. Listen as Carol Topp discusses creating a purpose and mission for your homeschool co-op.

FEATURED PRODUCT from HomeschoolCPA:

Homeschool Co-ops:
How to Start Them, Run Them and not Burn Out

Have you ever thought about starting a homeschool co-op? Are you afraid it will be too much work? Do you think you’ll have to do it all by yourself? Starting a homeschool co-op can be easy! This book Homeschool Co-ops: How to Start Them, Run Them and Not Burn Out will give you ideas, inspiration, tips, wisdom and the tools you need to start a homeschool co-op, run it and not burn out!

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Homeschool co-ops have a lot of advantages, but some disadvantages too. Be sure you consider these costs and potential issues before you join a co-op. If you are leading a homeschool co-op listen in to learn how to deal with the expectations of your members.

FEATURED PRODUCT from HomeschoolCPA:

Homeschool Co-ops:
How to Start Them, Run Them and not Burn Out

Have you ever thought about starting a homeschool co-op? Are you afraid it will be too much work? Do you think you’ll have to do it all by yourself? Starting a homeschool co-op can be easy! This book Homeschool Co-ops: How to Start Them, Run Them and Not Burn Out will give you ideas, inspiration, tips, wisdom and the tools you need to start a homeschool co-op, run it and not burn out!

Are you considering starting a homeschool co-op? What are the advantages of belonging to a co-op? They are many as Carol Topp, the Homeschool CPA, points out in this podcast. If you’re already leading a homeschool co-op listen in to see if you are offering these advantages to your co-op members.

FEATURED PRODUCT from HomeschoolCPA:

Homeschool Co-ops:
How to Start Them, Run Them and not Burn Out

Have you ever thought about starting a homeschool co-op? Are you afraid it will be too much work? Do you think you’ll have to do it all by yourself? Starting a homeschool co-op can be easy! This book Homeschool Co-ops: How to Start Them, Run Them and Not Burn Out will give you ideas, inspiration, tips, wisdom and the tools you need to start a homeschool co-op, run it and not burn out!

Foodas a fundraiser
Pizza sales, bake sales to members
Candy, popcorn sales to public could impose a reporting to you state’s AG office
Restaurant (Chik-Fil-A) give a percent of proceeds from one night to your organization
Dinners as fundraisers

Sell products
Ideas at TopSchoolFundraisers.com
Used curriculum sale. Charge an entrance fee, or a table fee to the sellers (or both!)

Reporting the Fundraiser income:
The IRS considers fundraisers to be unrelated to your nonprofit purpose and therefore, subject to taxation. Exceptions to the Unrelated Business Income tax:

Under $1,000 income from fundraisers in a year

All volunteer labor (no hired help to run the fundraiser)

Not regularly carried on

Selling donated items

State may require reporting to their attorney General if you sell to the public or solicit donations from the public. Usual exceptions are: only sales to members, a dollar threshold ($25,000 is common), all volunteer labor, but these vary by state.

Are there any tax breaks for homeschoolers? Carol Topp, CPA answered this question originally back in 2014, but the answer is still the same-even with the new tax laws passed in 2017. Additionally, Carol gives some details on college expenses that are tax deductible and tax advantaged college savings plans.

Homeschool board members don’t understand a balance sheet, so it is often ignored, but Carol Topp, the HomeschoolCPA, explains why that is a big mistake.

In this short podcast she explains what a balance sheet is and what are red flags in a Balance Sheet. You’ll be a better informed board member after listening to this podcast episode.

FEATURED PRODUCT from HomeschoolCPA:

Money Management in a Homeschool Organization

Does your homeschool group manage their money well? Do you have a budget and know where the money is spent? Do you know how to prevent fraud? This 115 page book will help you to open a checking account, establish a budget, prevent mistakes and fraud, use software to keep the books, prepare a financial statement and hire workers. Sample forms and examples of financial statements in clear English are provided.

When your homeschool treasurer hands you a financial statement, do you know what you’re looking at? HomeschoolCPA, Carol Topp, explains how to read and understand the statement of revenues and expenses. This 15 minute podcast will help your treasurer prepare a statement that is easy to read and understand.

FEATURED PRODUCT from HomeschoolCPA:

Money Management in a Homeschool Organization

Does your homeschool group manage their money well? Do you have a budget and know where the money is spent? Do you know how to prevent fraud? This 115 page book will help you to open a checking account, establish a budget, prevent mistakes and fraud, use software to keep the books, prepare a financial statement and hire workers. Sample forms and examples of financial statements in clear English are provided.

Do you find registering classes in your homeschool group to be a dreaded chore? Seth Lowery from LoveMyGroups.com offers an online service called The Hub. It was built with homeschool groups in mind. Hear about how The Hub will make registration and accepting payments for classes easier!

FEATURED PRODUCT from HomeschoolCPA:

Homeschool Co-ops: How to Start Them, Run Them, and Not Burn Out

Have you ever thought about starting a homeschool co-op? Are you afraid it will be too much work? Do you think you’ll have to do it all by yourself? Starting a homeschool co-op can be easy! This book Homeschool Co-ops: How to Start Them, Run Them and Not Burn Out will give you ideas, inspiration, tips, wisdom and the tools you need to start a homeschool co-op, run it and not burn out!

Does your homeschool group use software to manage it’s finances? It’s something you should consider. Carol Topp, the HomeschoolCPA, discusses when you should use software and offers her opinion on software that’s best for homeschool groups.

FEATURED PRODUCT from HomeschoolCPA:

Money Management in a Homeschool Organization

Does your homeschool group manage their money well? Do you have a budget and know where the money is spent? Do you know how to prevent fraud? This 115 page book will help you to open a checking account, establish a budget, prevent mistakes and fraud, use software to keep the books, prepare a financial statement and hire workers. Sample forms and examples of financial statements in clear English are provided.

Bank Reconciliation! Is your homeschool group reconciling your bank account every month? You should be!

Carol Topp, the HomeschoolCPA, explains why bank reconciliation is the most important task you should do to manage your group’s finances. But don’t let your treasurer balance the bank account! It should be someone else. Listen to the podcast to understand why.

FEATURED PRODUCT from HomeschoolCPA:

Money Management in a Homeschool Organization

Does your homeschool group manage their money well? Do you have a budget and know where the money is spent? Do you know how to prevent fraud? This 115 page book will help you to open a checking account, establish a budget, prevent mistakes and fraud, use software to keep the books, prepare a financial statement and hire workers. Sample forms and examples of financial statements in clear English are provided.

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Welcome to the Ultimate Homeschool Radio Network. Here you will find the daily help you need. This site is comprised of various show hosts with a heart for home school families. Some shows are humorous, some are hard hitting and others are practical, or educational. There is an amazing homeschool podcast for everyone.
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